2.4.4 Contracts, Debt and Investments

2.4.4.1 Contracts

• The Senior Minister may delegate authority to staff to sign contracts up to $25,000.

• The Senior Minister may enter into contracts up to $100,000 or up to two years in length.

• Contracts exceeding $100,000 or longer than two years require Board approval.

2.4.4.2 Debt

• Board approval is required for the refinancing of existing debt.

• The congregation must approve any new debt that will be retained beyond a single fiscal year.